More Than 25% Of Legal Marijuana Customers Spend More On Cannabis Than Restaurants

News Moderator

One aspect about legalizing marijuana that no one talks about is budgeting. No, not how government budgets. Personal budgets. It turns out people who purchase marijuana are actually becoming smarter with their budgets.

A new study examined the consumer habits of marijuana purchasers in legal states. The study was conducted by LendEDU, a company that helps provide student loans and other financing topics. They found that people who purchase marijuana are incorporating their cannabis buying into their budgets.

According to the study, the average legal marijuana buyer spends about $111 each month on cannabis. They also found that 50 percent of legal buyers include marijuana into their monthly budgets. To make room in their finances for cannabis, 27.6 percent of legal buyers said they spend more money on marijuana than on eating out each month.

People who argue against marijuana legalization say this will enable drug addicts or lead to teenagers buying and smoking pot. But this study largely refutes those notions. Instead, the average legal marijuana buyer looks like a financially competent individual who's figuring out how to spend their money wisely to enjoy their cannabis hobby.

Centralized in Hollywood California, 420 Magazine has been delivering cannabis education to thousands daily since its inception in 1993. The largest Medical Marijuana media publication/organization available, currently serving more than 100,000 daily visitors, 250,000 registered members, and over 1.5 million followers on our social networking channels.